Casualty Loss definition
Casualty Loss means, with respect to any item of Equipment, the loss, theft, damage beyond repair or governmental condemnation or seizure of such item of Equipment.
Casualty Loss has the meaning set forth in Section 6.3(b).
Casualty Loss means the irreparable loss or destruction of Equipment.
Examples of Casualty Loss in a sentence
Following the Closing, until ▇▇▇▇▇ makes such Casualty Loss Assignment, Buyer shall use commercially reasonable efforts to recover all available amounts under Proceedings against third parties, insurance Proceedings or Insurance Policies.
If any Project or material portion thereof experiences a Casualty Loss or is taken by condemnation or eminent domain proceeding after the Execution Date and prior to the Closing (each, a “Casualty”), then within five (5) Business Days after Holder Representative becoming aware of such Casualty, Holder Representative shall notify Buyer in writing of the same.
More Definitions of Casualty Loss
Casualty Loss shall have the meaning given to such term in Section 7.10.
Casualty Loss means any loss, damage or reduction in value resulting from mechanical failure or defects, catastrophic occurrences, acts of God and any other losses which are not the result of (i) normal wear and tear, (ii) natural reservoir changes or (iii) changes in commodity pricing, operating expenses or the financial condition of a Party.
Casualty Loss means, with respect to all or any portion of the Assets, any destruction by fire, storm or other casualty, or any condemnation or taking or threatened condemnation or taking, of all or any portion of the Assets.
Casualty Loss is defined in Section 6.5(a).
Casualty Loss has the meaning specified in Section 2.4.
Casualty Loss as used herein, means, for any Person, (i) the loss, damage, or destruction of any asset or property owned or used by such Person, (ii) the condemnation, confiscation, or other taking, in whole or in part, of any such asset or property, or (iii) the diminishment of the use of any such asset or property so as to render impracticable or unreasonable the use thereof for its intended purpose.
Casualty Loss means the irreparable loss or destruction of Equipment. ------------- Casualty Value - means the greater of the aggregate Rent remaining to be paid -------------- for the balance of the lease term or the Fair Market Value of the Equipment immediately prior to the Casualty Loss. However, if a Casualty Value Table is attached to the relevant Schedule its terms will control. Commencement Date - is defined in each Schedule. -----------------